Similar Search Results

Confidence building in emerging stock markets

Laeven, L.; Perotti, E.C. - 2001

, and are initially not fully credible. We argue that sustained privatization and liberalization programmes represent a … major test of political commitment to safer private property rights. We investigate whether successful privatization has a … privatization gradually leads to increased confidence. Moreover, increased confidence has a strong effect on local market …

Persistent link: https://www.econbiz.de/10009460050

Confidence building in emerging stock markets

Perotti, E.C.; Laeven, L.; Oijen, P. van - 2000

Persistent link: https://www.econbiz.de/10009460190

Essays on Banking for Micro and Small Enterprises

Schrader, Jan Peter - 2009

This thesis provides new evidence concerning the way financial intermediaries fulfill the role of distributing capital efficiently to micro and small enterprise and diversify intertemporal risk at different stages of development. Chapter 2 and 3 present results about intertemporal risk sharing...

Persistent link: https://www.econbiz.de/10009476239

Financial integration in European equity markets: The final stage of Economic and Monetary Union (EMU) and its impact on capital markets

Worthington, Andrew C.; Katsuura, Masaki; Higgs, Helen - 2003

This paper examines the extent of financial integration in European equity markets before, during and after the adoption of the single currency on 1 January 1999. Two groups of European economies are examined. The first set comprises the Member States of the European Union (EU) that participated...

Persistent link: https://www.econbiz.de/10009438342

Price Linkages in Asian Equity Markets: Evidence Bordering the Asian Economic, Currency and Financial Crises

Worthington, Andrew C.; Katsuura, Masaki; Higgs, Helen - 2003

This paper examines price linkages among Asian equity markets in the period surrounding the recent Asian economic, financial and currency crises. Three developed markets (Hong Kong, Japan and Singapore) and six emerging markets (Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand)...

Persistent link: https://www.econbiz.de/10009438344

The Internationalization of Money and Finance and the Globalization of Financial Markets

Lothian, James R. - 2002

In this paper I combine long multi-country time series data for interest rates and stock returns with the institutional evidence for much earlier centuries amassed by economic historians to study the question of financial globalization and how it has altered since the late classical era. At...

Persistent link: https://www.econbiz.de/10009440670

Has International Financial Integration Increased?

Goldberg, Lawrence G.; Lothian, James R.; Okunev, John - 2002

This paper compares the behavior of real interest rate differentials across the major countries under the Bretton Woods regime and the regime of floating exchanges that replaced it. The primary object is to investigate both the extent of market integration and its changes over time. For all...

Persistent link: https://www.econbiz.de/10009440748

Cross-Border Securities Clearing and Settlement Infrastructure in the European Union as a Prerequisite to Financial Markets Integration: Challenges and Perspectives

de Carvalho, Cynthia Hirata - 2004

The importance of an efficient securities clearing and settlement system lies on the safer transfer of ownership of assets against payment. Such a system must be developed in a way to minimize the risks involved on securities transactions, and it must still offer lower costs, which do not hinder...

Persistent link: https://www.econbiz.de/10009442401

Globalization, Crisis Contagion and the Reform of the International Financial Architecture

Karunaratne, Neil Dias - 2002

The process of globalization has integrated financial markets and cross-border capital flows. This has resulted in the hyper mobility of capital and increased the vulnerability of nations to speculative attacks on their currencies. Capital flows deliver benefits in a first-best world. However,...

Persistent link: https://www.econbiz.de/10009447978

Three Essays In Open Economy Macroeconomics and Economic Development.

Suzuki, Yui - 2007

This dissertation focuses on issues related to economic globalization and its implications for the domestic economy. The first two chapters pertain to international financial integration, while the last chapter studies the impact of interprovincial migration in China as a result of...

Persistent link: https://www.econbiz.de/10009476554

1
2
3
4
5
6
7
8
9
10
Next
Last